What to do next
At this point, 70% of traders quit Forex because after a reckless experiment there is no more money left for the trial-and-error method. In the long run any loss is beneficial to a trader, except the one that leads to the loss of equity and compels to quit the market. Use a conservative trading strategy and move towards a goal in small steps to reduce a risk of total collapse.
Write down a locking price for a profit and stop loss prior to a trading session. Stick to the plan. Keep the position if analysis confirm earlier findings. Do not make a decision on the contrary to the logic of your plan “on the go”.
Our task as a broker to show that all professionals went through this step and therefore you can do it also. Take an advantage of additional training system. Give yourself time to rethink practical actions. As time passes you will look at these failures as at a decisive victories.
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